Can I retire at age 45 with 517,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$42,693$42,313$41,942$41,580$41,226$40,949
2 years$21,135$20,742$20,360$19,990$19,632$19,352
3 years$13,950$13,555$13,174$12,808$12,455$12,182
4 years$10,358$9,964$9,588$9,227$8,883$8,618
5 years$8,204$7,812$7,440$7,088$6,753$6,497
6 years$6,768$6,379$6,013$5,668$5,343$5,097
7 years$5,743$5,357$4,997$4,660$4,345$4,109
8 years$4,974$4,592$4,238$3,909$3,605$3,378
9 years$4,377$3,998$3,650$3,330$3,036$2,819
10 years$3,899$3,524$3,182$2,870$2,587$2,379
11 years$3,508$3,137$2,801$2,498$2,225$2,026
12 years$3,183$2,816$2,486$2,191$1,928$1,739
13 years$2,908$2,545$2,221$1,934$1,681$1,501
14 years$2,673$2,313$1,996$1,717$1,474$1,302
15 years$2,469$2,113$1,802$1,531$1,298$1,134
16 years$2,291$1,939$1,634$1,371$1,147$992
17 years$2,133$1,786$1,487$1,232$1,017$870
18 years$1,994$1,650$1,357$1,110$904$765
19 years$1,869$1,529$1,242$1,003$806$674
20 years$1,757$1,421$1,140$909$720$595
21 years$1,656$1,324$1,049$825$644$527
22 years$1,564$1,235$967$750$577$466
23 years$1,480$1,156$892$683$518$414
24 years$1,403$1,083$825$623$466$367
25 years$1,333$1,016$764$569$419$327
26 years$1,268$955$709$520$378$291
27 years$1,208$899$658$476$340$259
28 years$1,152$847$612$436$307$231
29 years$1,101$799$570$400$277$206
30 years$1,052$754$531$367$251$183
31 years$1,007$713$495$337$227$164
32 years$965$675$461$310$205$146
33 years$926$639$431$285$185$130
34 years$889$606$403$262$168$117
35 years$854$574$376$241$152$104
36 years$821$545$352$222$138$93
37 years$790$518$330$205$125$83
38 years$761$492$309$189$113$75
39 years$733$468$289$174$103$67
40 years$707$445$271$161$93$60
41 years$682$424$254$148$85$53
42 years$658$404$238$137$77$48
43 years$636$385$224$126$70$43
44 years$614$367$210$116$63$38
45 years$594$350$197$108$57$34
46 years$574$334$185$99$52$31
47 years$556$318$174$92$47$27
48 years$538$304$163$85$43$25
49 years$521$290$154$78$39$22
50 years$505$277$144$72$35$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $517,000, adding $2,016 every year, while hoping to spend $32,051 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 22/48/30 Blend
44$517,000$517,000$517,000$517,000
45$571,814$544,413$536,399$578,947
46$596,036$536,987$520,266$578,105
47$621,656$528,123$502,519$574,411
48$648,781$517,717$483,069$569,779
49$677,529$505,657$461,825$564,154
50$708,031$491,828$438,690$557,479
51$740,428$476,106$413,563$549,694
52$774,874$458,358$386,341$540,739
53$811,541$438,447$356,913$530,551
54$850,613$416,226$325,164$519,066
55$892,294$391,539$290,975$506,217
56$936,805$364,222$254,221$491,938
57$984,393$334,102$214,770$476,159
58$1,035,323$300,995$172,487$458,812
59$1,089,889$264,708$127,229$439,824
60$1,148,414$225,034$78,847$419,126
61$1,211,250$181,759$27,186$396,645
62$1,278,785$134,652$0$372,311
63$1,351,443$83,473$0$354,996
64$1,429,693$27,966$0$345,556
65$1,514,047$0$0$335,266
66$1,605,069$0$0$341,095
67$1,703,378$0$0$363,416
68$1,809,654$0$0$387,621
69$1,924,644$0$0$413,889
70$2,049,172$0$0$442,419
71$2,184,139$0$0$473,427
72$2,330,542$0$0$507,154
73$2,489,471$0$0$543,862
74$2,662,129$0$0$583,841
75$2,849,838$0$0$627,410
76$3,054,054$0$0$674,920
77$3,276,375$0$0$726,756
78$3,518,564$0$0$783,344
79$3,782,557$0$0$845,151
80$4,070,489$0$0$912,693
81$4,384,707$0$0$986,536
82$4,727,794$0$0$1,067,304
83$5,102,595$0$0$1,155,685
84$5,512,241$0$0$1,252,436
85$5,960,181$0$0$1,358,390
86$6,450,210$0$0$1,474,465
87$6,986,507$0$0$1,601,671
88$7,573,676$0$0$1,741,122
89$8,216,784$0$0$1,894,044
90$8,921,413$0$0$2,061,786
91$9,693,709$0$0$2,245,836
92$10,540,443$0$0$2,447,833
93$11,469,069$0$0$2,669,580
94$12,487,801$0$0$2,913,065
95$13,605,683$0$0$3,180,478
96$14,832,679$0$0$3,474,231
97$16,179,764$0$0$3,796,982
98$17,659,027$0$0$4,151,657
99$19,283,787$0$0$4,541,481
100$21,068,714$0$0$4,970,008